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NASDAQ: $SOPA Seeks to Strengthen Their Ecosystem đź’Ş Interview With Indonesia's GM, Patrick Soetanto

Society Pass Incorporated

Contact Details Dennis Nguyen: Founder, Chairman & CEO +1 877-440-9464 dennis@thesocietypass.com Company Website https://thesocietypass.com

October 21, 2022 12:15 PM Eastern Daylight Time

Video
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VideoXRM Gets Your B2B Video Found

VideoXRM

VideoXRM, a B2B content distribution and discovery platform, launched its beta site today with a commercial launch slated for January 2023. VideoXRM merges the superior communications power of rich media with granular searchability to bring global exposure to video and rich media assets. VideoXRM is the launch brand and new corporate name for this cloud-hosted platform developed over two and a half years as Issuer Pixel. VideoXRM is a scalable media discovery platform leveraging proprietary indexing structures, industry taxonomies and search engine technology that lets content providers upload and individually index their rich media assets to be easily found. Industry Problem – B2B video is hard to find with precise results, which limits its value and potential. It’s either siloed on millions of corporate websites or buried on consumer video portals. Irrelevant results from conventional text searches create frustration rather than solutions. 59% of executives prefer video to reading text. 81% of businesses use video as a marketing tool. 82% of consumer internet traffic will be video by 2022 Global corporate video investments exceed $20K per company, per year - but these assets are hard to locate. Solution – VideoXRM’s patent-pending technology uses highly sophisticated indexing and search technology to make unstructured video content easily discoverable with precision. This new ecosystem delivers huge value to searchers and content providers as businesses increasingly tap the power of video and rich media to differentiate their value and to reach new audiences. The platform is ideal for company-to-company and company-to-customer engagement, news media, researchers, supply chain and procurement managers, M&A sourcing, partnering and benchmarking. VideoXRM has the “Last Mover” advantage in the video and audio sharing industry, bringing structure, searchability, distribution and intelligence to rich media investments. About VideoXRM ( VideoXRM.com ) VideoXRM is a global, searchable video and audio sharing and networking platform connecting corporate rich media content with all potential stakeholders. The platform and smart search technology creates value and knowledge from mountains of unstructured digital media, delivering greater ROI from content investments. VideoXRM’s mission is harnessing the enhanced communicative power of rich media through a new distribution and discovery paradigm. VideoXRM was Co-founded by David N. Baker, who formed Revere Data LLC (Sectorbase) which was acquired by FactSet Data Systems, Inc. His Co-founders are Vadim A. Tarasov, Byron Kwok and David Guzy. Contact Details Catalyst IR David Collins +1 212-924-9800 VideoXRM@Catalyst-IR.com Company Website https://videoxrm.com

October 20, 2022 02:17 PM Eastern Daylight Time

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CloudWerx Announces Infrastructure Services Specialization in Google Cloud Partner Advantage Program

Cloudwerx

CloudWerx, a full-service enterprise cloud consulting firm, announced today that it has achieved the Infrastructure Services Specialization in the Google Cloud Partner Advantage program. A Google Cloud Premier Resell and Service Partner and a fast-growing North American partner, this specialization proves CloudWerx’s expertise in building customer infrastructure and workflows on Google Cloud. Google Cloud Partner Advantage provides organizations with qualified partners that have certified experience in successfully delivering Google Cloud solutions. Organizations that have achieved the Infrastructure Services Specialization — the highest technical designation a partner can earn — have demonstrated technical proficiency, industry expertise, and proven success using Google Cloud infrastructure solutions and services. “We are excited to be aligned with the open source, open community culture at Google Cloud,” said Jason Geis, Co-Founder and CEO of CloudWerx. “Our Digital Native customers that want to take advantage of the open source community and best-of-breed security are migrating to Google Cloud.” “Google Cloud specializations highlight the proficiency required to deliver technical competencies and support to customers,” said Derrick Thompson, Global Head of Partner Differentiation, Google Cloud. “Achieving this specialization is evidence of CloudWerx’s commitment to providing customers with the expertise they need to build and modernize their infrastructure workloads on Google Cloud.” CloudWerx chose to be an exclusive resell and service partner of Google Cloud because of the innovation, customization, collaboration, and flexibility Google Cloud offers its customers when it comes to building optimized and secure cloud infrastructures. To learn more about CloudWerx’s Google Cloud Infrastructure deployment process, please visit cloudwerx.tech/infrastructure. About CloudWerx CloudWerx is an engineering-focused cloud consulting company that provides the most elite technology resources to solve the toughest challenges. Maintaining 100 percent customer retention and a commitment to 11/10 technical, account and customer service, the CloudWerx team has unique experience working in some of the most complex cloud environments at scale and can help your business accelerate with confidence. Please visit https://www.cloudwerx.tech/ to learn more. Contact Details CloudWerx Betsy Reed +1 206-999-3517 press@cloudwerx.tech Company Website https://www.cloudwerx.tech/

October 20, 2022 11:00 AM Pacific Daylight Time

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What are Americans’ Favorite Halloween Treats?

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/SXzlPzJXjZc Spooky, ooky, creepy and crawly? It must be Halloween – and this year, 93% of Americans intend to celebrate in a big way with plans to enjoy their favorite chocolate and candy treats, according to a recent survey from the National Confectioners Association. Whether consumers are enjoying new and innovative offerings or classic candy corn, confectionery is an iconic part of the season’s celebrations. No matter how you plan to celebrate the Halloween season, there’s no doubt that chocolate and candy play a major role in the holiday celebrations. Whether you’re going to a Halloween party, welcoming trick-or-treaters or even just enjoying a little treat for yourself, Halloween treats are a key piece of the season. This Halloween season is even sweeter because America’s chocolate and candy companies delivered on their commitment to help consumers manage their sugar intake by providing more transparency, choice and portion guidance options. 85% of chocolate and candy sold today comes in packaging that contains 200 calories or less per pack. That number includes individually wrapped products or multipacks that contain smaller packages inside – the perfect size for the 97% of Americans who say they welcome trick-or-treaters with chocolate and candy. The Halloween season brings people together. Sharing treats is a perfect way to connect with others – especially as people are looking for more moments of celebration than ever before. To help Americans navigate the Halloween season while enjoying their favorite treats, NCA has a robust set of resources available at AlwaysATreat.com/Halloween, where consumers can find tricks for treating in 2022, including safety tips, history lessons and fun facts about the season. To join the conversation on social media, use #HalloweenTreats, and follow NCA on Facebook, Twitter and Instagram. Happy Halloween! About the National Confectioners Association (NCA): The National Confectioners Association is the leading trade organization for the U.S. confectionery industry, which generates more than $37 billion in retail sales each year. Making chocolate, candy, gum and mints, the industry employs nearly 58,000 workers in more than 1,600 manufacturing facilities across all 50 states. NCA advocates for an environment that enables candy makers to thrive and work to ensure that chocolate and candy are celebrated for their contributions to culture, society, the economy and everyday moments of joy. Learn more at CandyUSA.com or follow NCA on Facebook, Twitter and Instagram. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

October 20, 2022 11:13 AM Eastern Daylight Time

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CSG Forte Combats Fraud with Launch of End-to-End Authorization Solution, CSG Forte Authenticate

CSG

CSG Forte, a CSG (NASDAQ: CSGS) company and the expert in processing and making automated clearing house (ACH) payments more secure and reliable, today launched CSG Forte Authenticate. To be successful, merchants need lock-tight authentication capabilities that effectively reduce the risks of fraud and automate their processes. Authenticate is an end-to-end payments security solution that empowers merchants across verticals to seamlessly verify account owner ACH payments and reduce the risk of fraud. “At a time when fraud is surging, it is not a matter of if, but when fraud occurs. From customer convenience to ease of acceptance, CSG Forte Authenticate gives merchants the ability to process ACH payments with confidence, securely and reliably,” said Jeff Kump, head of payments, CSG Forte. “CSG Forte continues to modernize our platform to reduce time to activation, ensure that businesses get paid on-time with accuracy and introduce new products that meet evolving customer demands. We’re proud to be industry leaders in helping merchants combat fraud.” According to “The State of Retail Payments in 2022” from Forrester Research, Inc., September 2022, “improving security (fraud, management encryption) jumped to the top of the list of online initiatives, with a significant 42% of retailers including it on their list of priorities.” With CSG Forte Authenticate at the center of ACH payments, an insurance company can reduce fraudulent deposits and increase customer loyalty and trust by depositing a check into the account owned by the person they are writing the check to. With CSG Forte Authenticate, businesses can: Reduce fraud or potential losses, establish a secure financial transaction relationship and improve overall profitability Ensure validated and non-failing inputs to the processor/network, to drive increased acceptance rates Catch errors in the early stages of a transaction and prevent transaction delays, to deliver increased customer satisfaction and loyalty Based on the Merchant Risk Council, the volume of ACH transactions has grown by over 50% in less than a decade, which indicates that ACH payments are a growing segment of the modern payments landscape. CSG Forte’s expertise in same-day ACH technology allows merchants to fuel growth by receiving funds quicker and at a lower price than working with other payment processors. For more information about CSG Forte Authenticate, join us at Money 2020 in Las Vegas #3-222 (Venetian Tower) or visit https://www.forte.net/why-csg-forte/authenticate. # # # About CSG Forte CSG Forte, a CSG company, delivers scalable digital payments for smarter and faster business growth. Our world-class, award-winning technology offers a unified end-to-end payments platform that easily adapts to changing needs and empowers companies to transform their payments operations into a competitive business strategy. With CSG Forte, companies can process omnichannel payments and offer agnostic payment acceptance, shifting payments from a line-item expense to a profit center. CSG Forte manages billions of payments annually for over 81,000 merchants across government, telecom, insurance, and other industries. CSG empowers companies to build unforgettable experiences, making it easier for people and businesses to connect with, use and pay for the services they value most. Our customer experience, billing and payments solutions help companies of any size make money and make a difference. With our SaaS solutions, company leaders can take control of their future, and tap into guidance along the way from our more than 5k-strong experienced global CSG services team. Want to learn more about how to be a change maker and industry shaper like our 1,000-plus clients? Visit csgi.com to learn more. Copyright © 2022 CSG Systems International, Inc. and/or its affiliates (“CSG”). All rights reserved. CSG® is a registered trademark of CSG Systems International, Inc. All third-party trademarks, service marks, and/or product names which are referenced in this document are the property of their respective owners, and all rights therein are reserved. CSG Contacts Jordy Spitale Public Relations +1 (504) 615-8820 Jordy.spitale@csgi.com John Rea Investor Relations +1 (210) 687-4409 john.rea@csgi.com Contact Details Tammy Hovey +1 917-520-2751 tammy.hovey@csgi.com Company Website https://www.forte.net/

October 20, 2022 07:25 AM Mountain Daylight Time

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Comcast Boosting Speeds for New Mexico Xfinity Internet Customers

Comcast Mountain West

Xfinity households throughout New Mexico will soon be waking up to faster Internet, thanks to Xfinity. The country’s largest gigabit network is boosting speeds on its most popular plans beginning this week, providing customers with an even better connectivity experience as they stream the latest 4K blockbuster, game online, videoconference, and more, all at the same time. With this latest round of speed increases, Xfinity continues to provide unparalleled value compared to other providers – including significantly faster speeds and better reliability than mobile and 5G Home Internet. The announcement comes on the heels of Comcast’s launch of the nation’s largest- and fastest-ever multi-gig deployment that will reach more than 50 million homes and businesses nationwide with 2 Gbps speeds before the end of 2025. “Our network is made for anything, so you can do anything,” said J.D. Keller, Senior Vice President Comcast Mountain West Region. “During the pandemic, we saw how vital having a fast, reliable internet connection is for all people, and demand for internet services continues to increase at a fast pace. My own kids and family are working, learning, chatting, watching movies or playing games on-line whenever we are in the house. I know others have the same experience. Comcast’s investments in our network will keep more people in New Mexico securely connected and ensure they have the technology today to meet the needs of tomorrow.” Faster Speeds Rolling Out in New Mexico: Beginning this week, new and existing customers will be able to take advantage of the following upgraded speeds*: Connect from 50 Mbps to 75 Mbps Connect More from 100 Mbps to 200 Mbps Fast from 300 Mbps to 400 Mbps Superfast from 600 Mbps to 800 Mbps Gigabit (formerly Ultrafast) from 900 Mbps to 1 Gbps Comcast will also be doubling upload speeds nationally for all Internet Essentials Plus customers, from 100/10 Mbps to 100/20 Mbps. Internet Essentials Plus includes a cable modem, access to millions of WiFi hotspots, and unlimited data for $29.95 per month; and customers who qualify for the Affordable Connectivity Program can get this tier of service for free. Benefits Beyond Speed – Reliability and Security The benefits of Xfinity go beyond faster speeds. Xfinity’s comprehensive connectivity experience combines a powerful network built to deliver Internet in the home, reliably and securely, with cutting-edge hardware and software. Reliable – Next-generation Xfinity gateways deliver the most advanced WiFi technology, WiFi 6E, with 3x more bandwidth to power hundreds of devices, gigabit speeds over WiFi, and ultra-low latency for those moments when response times matter most like playing video games or using virtual reality. xFi Pods extend that coverage to hard-to-reach areas of the home, when needed. Secure – xFi Advanced Security – included free for customers who lease an Xfinity gateway – protects connected devices from malware and other threats at the gateway before they reach devices and the household members who are using them. Xfinity has stopped billions of cyber security threats since introducing the service a few years ago. A Network Built for the Future Comcast’s Xfinity Internet service is delivered using Comcast’s existing network architecture and the connections that are already in most customers’ homes – no digging up yards required. Faster speeds will be just one of the consumer benefits made possible through Comcast’s continued efforts to evolve its entire network to 10G. 10G is a next-generation technology platform supported by a global collaboration of companies in the Internet industry focused on building networks that stay ahead of consumer demand for connectivity. Recently, Comcast successfully tested the final component needed to deliver multi-gigabit symmetrical speeds – powered by 10G and DOCSIS 4.0 technology – throughout its entire network. In addition to fast speeds, 10G efforts will provide even greater network reliability, lower latency, faster troubleshooting, and increased energy efficiency. To learn more about Xfinity’s Internet and connectivity solutions for customers, click here. Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 56 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Julianne Phares Julianne Phares +1 505-271-3701 Julianne_Phares@cable.comcast.com Company Website https://NewMexico.comcast.com/

October 19, 2022 09:00 AM Mountain Daylight Time

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Comcast Boosting Speeds for Tucson Area Xfinity Internet Customers

Comcast Mountain West

Xfinity households throughout its Tucson service area will soon be waking up to faster Internet, thanks to Xfinity. The country’s largest gigabit network is boosting speeds on its most popular plans beginning this week, providing customers with an even better connectivity experience as they stream the latest 4K blockbuster, game online, videoconference, and more, all at the same time. With this latest round of speed increases, Xfinity continues to provide unparalleled value compared to other providers – including significantly faster speeds and better reliability than mobile and 5G Home Internet. The announcement comes on the heels of Comcast’s launch of the nation’s largest- and fastest-ever multi-gig deployment that will reach more than 50 million homes and businesses nationwide with 2 Gbps speeds before the end of 2025. “Our network is made for anything, so you can do anything,” said J.D. Keller, Senior Vice President Comcast Mountain West Region. “During the pandemic, we saw how vital having a fast, reliable internet connection is for all people, and demand for internet services continues to increase at a fast pace. My own kids and family are working, learning, chatting, watching movies or playing games on-line whenever we are in the house. I know others have the same experience. Comcast’s investments in our network will keep more people in securely connected and ensure they have the technology today to meet the needs of tomorrow.” Faster Speeds Rolling Out in Tucson: Beginning this week, new and existing customers will be able to take advantage of the following upgraded speeds*: Connect from 50 Mbps to 75 Mbps Connect More from 100 Mbps to 200 Mbps Fast from 300 Mbps to 400 Mbps Superfast from 600 Mbps to 800 Mbps Gigabit (formerly Ultrafast) from 900 Mbps to 1 Gbps Comcast will also be doubling upload speeds nationally for all Internet Essentials Plus customers, from 100/10 Mbps to 100/20 Mbps. Internet Essentials Plus includes a cable modem, access to millions of WiFi hotspots, and unlimited data for $29.95 per month; and customers who qualify for the Affordable Connectivity Program can get this tier of service for free. Benefits Beyond Speed – Reliability and Security The benefits of Xfinity go beyond faster speeds. Xfinity’s comprehensive connectivity experience combines a powerful network built to deliver Internet in the home, reliably and securely, with cutting-edge hardware and software. Reliable – Next-generation Xfinity gateways deliver the most advanced WiFi technology, WiFi 6E, with 3x more bandwidth to power hundreds of devices, gigabit speeds over WiFi, and ultra-low latency for those moments when response times matter most like playing video games or using virtual reality. xFi Pods extend that coverage to hard-to-reach areas of the home, when needed. Secure – xFi Advanced Security – included free for customers who lease an Xfinity gateway – protects connected devices from malware and other threats at the gateway before they reach devices and the household members who are using them. Xfinity has stopped billions of cyber security threats since introducing the service a few years ago. A Network Built for the Future Comcast’s Xfinity Internet service is delivered using Comcast’s existing network architecture and the connections that are already in most customers’ homes – no digging up yards required. Faster speeds will be just one of the consumer benefits made possible through Comcast’s continued efforts to evolve its entire network to 10G. 10G is a next-generation technology platform supported by a global collaboration of companies in the Internet industry focused on building networks that stay ahead of consumer demand for connectivity. Recently, Comcast successfully tested the final component needed to deliver multi-gigabit symmetrical speeds – powered by 10G and DOCSIS 4.0 technology – throughout its entire network. In addition to fast speeds, 10G efforts will provide even greater network reliability, lower latency, faster troubleshooting, and increased energy efficiency. To learn more about Xfinity’s Internet and connectivity solutions for customers, click here Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 56 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Kyle Biederwolf Kyle_Biederwolf@cable.comcast.com Company Website https://arizona.comcast.com/

October 19, 2022 09:00 AM Mountain Daylight Time

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Comcast Boosting Speeds for Utah Xfinity Internet Customers

Comcast Mountain West

Xfinity households throughout Utah will soon be waking up to faster Internet, thanks to Xfinity. The country’s largest gigabit network is boosting speeds on its most popular plans beginning this week, providing customers with an even better connectivity experience as they stream the latest 4K blockbuster, game online, videoconference, and more, all at the same time. With this latest round of speed increases, Xfinity continues to provide unparalleled value compared to other providers – including significantly faster speeds and better reliability than mobile and 5G Home Internet. The announcement comes on the heels of Comcast’s launch of the nation’s largest- and fastest-ever multi-gig deployment that will reach more than 50 million homes and businesses nationwide with 2 Gbps speeds before the end of 2025. “Our network is made for anything, so you can do anything,” said J.D. Keller, Senior Vice President Comcast Mountain West Region. “During the pandemic, we saw how vital having a fast, reliable internet connection is for all people, and demand for internet services continues to increase at a fast pace. My own kids and family are working, learning, chatting, watching movies or playing games on-line whenever we are in the house. I know others have the same experience. Comcast’s investments in our network will keep more people in Utah securely connected and ensure they have the technology today to meet the needs of tomorrow.” Faster Speeds Rolling Out in Utah: Beginning this week, new and existing customers will be able to take advantage of the following upgraded speeds*: Connect from 50 Mbps to 75 Mbps Connect More from 100 Mbps to 200 Mbps Fast from 300 Mbps to 400 Mbps Superfast from 600 Mbps to 800 Mbps Gigabit (formerly Ultrafast) from 900 Mbps to 1 Gbps Comcast will also be doubling upload speeds nationally for all Internet Essentials Plus customers, from 100/10 Mbps to 100/20 Mbps. Internet Essentials Plus includes a cable modem, access to millions of WiFi hotspots, and unlimited data for $29.95 per month; and customers who qualify for the Affordable Connectivity Program can get this tier of service for free. Benefits Beyond Speed – Reliability and Security The benefits of Xfinity go beyond faster speeds. Xfinity’s comprehensive connectivity experience combines a powerful network built to deliver Internet in the home, reliably and securely, with cutting-edge hardware and software. Reliable – Next-generation Xfinity gateways deliver the most advanced WiFi technology, WiFi 6E, with 3x more bandwidth to power hundreds of devices, gigabit speeds over WiFi, and ultra-low latency for those moments when response times matter most like playing video games or using virtual reality. xFi Pods extend that coverage to hard-to-reach areas of the home, when needed. Secure – xFi Advanced Security – included free for customers who lease an Xfinity gateway – protects connected devices from malware and other threats at the gateway before they reach devices and the household members who are using them. Xfinity has stopped billions of cyber security threats since introducing the service a few years ago. A Network Built for the Future Comcast’s Xfinity Internet service is delivered using Comcast’s existing network architecture and the connections that are already in most customers’ homes – no digging up yards required. Faster speeds will be just one of the consumer benefits made possible through Comcast’s continued efforts to evolve its entire network to 10G. 10G is a next-generation technology platform supported by a global collaboration of companies in the Internet industry focused on building networks that stay ahead of consumer demand for connectivity. Recently, Comcast successfully tested the final component needed to deliver multi-gigabit symmetrical speeds – powered by 10G and DOCSIS 4.0 technology – throughout its entire network. In addition to fast speeds, 10G efforts will provide even greater network reliability, lower latency, faster troubleshooting, and increased energy efficiency. To learn more about Xfinity’s Internet and connectivity solutions for customers, click here. Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 56 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Deneiva Knight Deneiva_Knight@cable.comcast.com Company Website https://utah.comcast.com/

October 19, 2022 09:00 AM Mountain Daylight Time

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How Asure Software (NASDAQ: ASUR) Helps Small and Mid-Sized Businesses Cut Costs and Streamline Back Office Operations

Benzinga

The most recent CPI report shows that inflation “eased” back to 8.2% in September. That’s an improvement from the 9.1% reported for June, but costs are still high. That, combined with a more competitive labor market, is compressing profit margins. Small and mid-sized businesses (SMBs) are looking for ways to cut costs and make their operations more efficient. Asure Software (NASDAQ: ASUR) is addressing the problem by offering a suite of cloud-based products to automate and streamline back-office operations. Their human capital management (HCM) platform cuts down the workload on employee management, human resources, accounting, tax filings, and allocating financial capital for growth. The Dilemma: Small Businesses Surveyed See Revenues Increased, but Profits Under Pressure Let’s examine the numbers. An American Express poll released in September revealed that revenues for 550 businesses surveyed had nearly doubled between July 2021 and July 2022. The actual number was 87%. Unfortunately, in the same period, profits dropped by 4%. Increased costs for materials, labor, and supplies were major contributors to that. Interest rate hikes and stock market volatility also cut into profits in the first two quarters of 2022. Inflationary pressure was reported by 75% of the survey participants as the primary reason for lower profits, and the cost of debt financing increased as the Fed steadily raised interest rates. That has directly impacted growth for many SMBs in the United States. The Covid-19 pandemic and subsequent supply chain issues resulting from it are widely viewed as the main catalysts for the economic conditions currently driving down profit margins. The US government has attempted to relieve some of that pressure by offering low-cost loans and tax breaks. Many of these are packaged into the CARES Act, including the ERC program. What is ERC and Why is it Important for SMBs? The Employee Retention Credit under the CARES Act was created to encourage SMBs financially impacted by COVID-19 to keep employees on their payroll. Eligible businesses can receive a tax refund of up to $28,000 per W-2 employee on the payroll in 2020 and 2021. Independent contractors, sole proprietors, and LLCs are not eligible for ERC. It’s not that simple of course. For a business to be eligible, it must have 500 or fewer employees, and have either been closed due to a government order or experienced a revenue decline of at least 20% for any quarter during the eligibility period. Asure has expanded its tax filing capabilities to help SMBs manage ERC guidelines and demand. Tax refunds acquired through the ERC program can increase business cash flow and help offset rising costs. It’s temporary relief, but it’s timely. The Federal Reserve Bank approved several interest rate hikes this year and implemented quantitative tightening to reduce liquidity on their balance sheet. Both moves are projected to slow inflation in 2023. Asure has Automated ERC Management for CPAs and Tax Professionals Claiming the ERC refunds requires an amended filing using Form 941X (Quarterly Federal Payroll Tax Return). If the business became inoperable due to the pandemic, Form 5884-A might be required. Small business owners may not know this. CPAs should. Asure has built the guidelines and forms directly into its cloud accounting platform. The new technology is an expansion of Asure’s Payroll Tax Management engine, FlexTax, which delivers cloud-based payroll tax processing, reconciliation, and reporting functionality, as well as a 24/7 online tax portal. Automating the back-office ERC work frees business owners and company accountants up to focus on high-value client work. FlexTax works in conjunction with PrismHR’s payroll service, an Asure integration partner that services over 80,000 organizations. The roll-out of the new feature comes closely on the heels of an expansion to Asure’s 401(k) provider base. They added eighty new direct-integration partners in that space to expand retirement plan options for SMBs. Asure Trades at EV/EBITDA of 8.4, Price-to-Book Value of 0.69 Based on fundamental analysis, they show the company as a serious cash flow generator. It has a price-to-book value of 0.69 and a price-to-free-cash-flow ratio of 10. This tells us that Asure is generating strong free cash flows, but trades at a discount to its book value. For growth-at-a-reasonable-price (GARP) investors, this is an opportunity worth taking a closer look at. In addition, Asure Software trades at a steep discount compared to the overall software industry and the S&P 500, when looking at the enterprise value to EBITDA (EV/EBITDA) valuation. As of this writing, Asure has an EV/EBITDA of 8.40. This compares to the software industry average EV/EBITDA valuation of 48.70 and the S&P 500’s 15.70. Asure (ASUR) carries little debt and holds a cumulative analyst rating of “buy.” That’s good for investors, but the real value is in how Asure could be positioned in the age of automation and cloud services.Human capital resource software could play a major part also. Inflation is going to be with us for a while. The Fed will continue to raise interest rates until it starts to slow, so a recession is a real possibility. In many ways, our situation is unprecedented, so technical analysis of equity investments is not sufficient. Asure checks all the fundamental boxes, which are the real indicators of a company's potential profitability. Furthermore, Asure’s HCM services provide a very tangible need for SMBs right now: cost-cutting and operational streamlining. In any economic environment, SMBs will still need to manage employees, payroll, retirement offerings, tax filings, and more. Asure Software provides the framework needed for businesses to remain in a competitive stance in recruiting top talent. Overall, Asure may be an interesting company to keep an eye on for long-term investors that are looking for good GARP investments. After all, the company is continuing to generate strong top and bottom line results and yet trades at a discount to its book value. Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement.All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated five thousand dollars cash for the creation and dissemination of this content by the company.This material does not represent a solicitation to buy or sell any securities. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management.The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings. Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions. Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/ This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 19, 2022 10:44 AM Eastern Daylight Time

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